On Monday (Jan. 19), the British Retail Consortium reported that over $910 million was stolen from retail outlets in 2014 — an 18 percent increase from the year prior. This is despite the fact that the volume of actual offenses decreased by 4 percent, indicating that criminals...
Even though the official changeover to EMV payment systems is scheduled for Oct. 1, some analysts familiar with the process say that many businesses will still not be EMV ready by the target date, and may take “many years” for the U.S. to be fully converted...
It’s no secret that finding the right way to quickly and effectively outsmart fraudsters is a high-priority mission in 2015. But what does the right fraud solution really look like, and what is the ideal method for protecting cardholder data in an increasingly online world? To...
Biometric authentication apps for financial apps are expected to be all the rage by 2019, and USAA wants to be part of the trend. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Those days of having to remember dozens of passwords and PIN numbers may become a thing of the past over the next five years. Soon, all you’ll need is a fingerprint or just your smile thanks to an expected surge in biometric authentication apps. Get the...
A recent survey from technology consultancy Boston Retail Partners shows that businesses that accept EMV payments will increase 650 percent by October 2015 — the date that the shift in liability to merchants who do not enable EMV technology will take place. Get the Full Story Complete...
Nearly a third of merchants who participated in a recent survey believe mPOS to be riskier than standard e-commerce offerings. As more merchants march onward to replace their POS systems with mobile solutions, unprotected data is providing a slew of opportunities for malware to damage...
As more transactions become digitized every month, either through the traditional swiping of credit cards of through more advanced payment methods like ApplePay, the risks of online fraud and damaged credit ratings become more pronounced. Currently, online fraud costs the economy over $190 billion a...
An old saying goes that imitation is the sincerest form of flattery, but that saying may not be as true for technology. Unable to actually copy Apple’s Touch ID without incurring huge legal costs, Samsung decided to try and make as close to a carbon...
